Health Insurance Benefits

Healthcare costs in India are rising rapidly. In such a scenario, a medical emergency can cause a significant financial burden. With ACKO Platinum Plans, you can get coverage for hospitalisation expenses, doctor consultations, surgeries, and other medical treatments. Additionally, these plans also offer cashless hospitalisation, pre and post-hospitalisation expenses, and tax benefits. Thus, you don't feel financial stress during a medical emergency.

ACKO Platinum Plans have No Room Rent Capping. In other plans with room rent capping, the hospital's bill gets affected if you choose a room that costs more than the cap. Here, you can choose any hospital room of your liking, and this will not have any implication on your hospital bill.

When making a claim, there are numerous factors to consider. These may include co-pay, deductibles, and non-payable medical expenses, among others, which can significantly increase your out-of-pocket expenses. However, with ACKO Platinum Plans, we can reduce your out-of-pocket expenses. We don't consider factors such as co-pay, deductibles, etc., while calculating the claim amount. This translates to practically zero deductions, saving you substantial money during a medical emergency.

At ACKO, we recognise the importance of inflation protection and offer this benefit as a part of our Platinum Health Insurance Plans. Upon completing ten consecutive policy years, you will receive a percentage-based increase in the sum insured according to the plans' terms. The applicable increase under the Inflation Protect benefit is calculated based on the sum insured of the plan.

If you're looking to boost the coverage of your standard health insurance policy in India, several health insurance add-ons or riders are available for you to choose from. These additional benefits are optional and can be purchased by paying an extra premium. However, with the ACKO Platinum Plan, you don't have to worry about buying these essential add-ons separately. Features such as Room Rent Waiver, Doctor On-call, Coverage for non-medical expenses, and more are all included in the plan. 

Health insurance provides cashless hospitalisation, where the insurer directly settles the medical bills with the hospital. This makes it easier for the insured to receive medical treatment without worrying about the expenses.

Health insurance also provides tax benefits. You can get a tax benefit under Section 80D of the Income Tax Act, if you have opted for the old tax regime.

Health insurance often provides access to a broader network of qualified medical professionals and high-quality healthcare facilities. This means you can receive treatment from specialists and in top hospitals that might otherwise be unaffordable.

Medical emergencies can arise at any time, and with the rising cost of healthcare, it is difficult for most people to bear the expenses. Health insurance provides financial protection against such emergencies.

Many health insurance plans cover preventive services like vaccinations, annual check-ups, and screenings at no additional cost. This focus on prevention helps in early detection and treatment of illnesses, potentially saving lives and reducing overall healthcare costs.

Medical bankruptcy is a significant problem in many countries, mainly where healthcare costs are high. Health insurance shields you from this risk by covering large medical bills that could otherwise drain your savings or push you into severe debt.

Health insurance makes individuals more likely to visit a doctor when needed and adhere to prescribed treatments. This generally leads to better health outcomes than those without insurance who may delay seeking care due to costs.

Knowing that you and your family are covered in medical emergencies can provide immense peace of mind. This psychological benefit is invaluable, as it reduces stress and anxiety associated with potential health issues.

Beyond just hospitalisation, many health insurance plans cover a range of services, including outpatient care, maternity services, mental health care, and sometimes even alternative therapies like acupuncture or chiropractic treatment. This comprehensive coverage ensures that you can receive holistic care under various circumstances.

Health insurance is essential for families as it provides financial protection to all family members. It also benefits families with children, as children are more prone to illnesses and accidents.

Self-employed individuals are not covered under any employer-provided health insurance. Thus, health insurance is essential for self-employed individuals to cover unexpected medical expenses.

 Individuals with pre-existing medical conditions may face difficulties in getting insurance coverage. However, some insurance companies provide coverage for pre-existing conditions after a waiting period. Such individuals need to have health insurance coverage.